Obscene

I’ve got an obscene amount of work in the office these days. Loads of projects, some quite demanding in terms of time and documentation efforts. I hate doing documentation.. especially since some of that is for pure documentation sake and does not contribute a lot to the project.

Collected Wisdom of Oleman 4

Collected Wisdom of “oleman” -
30 years ago, with a newly-minted Ivy-league degree that proved, at least to me, that i knew about all there is to know about things economic and financial, I began investing. Naturlly I lost about all the money I put into the markets for several years. Then I started trying to […]

Collected Wisdom of Oleman 3

Collected Wisdom of “oleman” -
If i enter long early in the day and the market just drifts back to the low and retests, I buy more (double down), but if it blows through, akin to gullivers “crash stop”, I’ll sell 2 for every long I held. The market is always right. If it has enough […]

Collected Wisdom of Oleman 2

Collected Wisdom of “oleman” -
just about every trader reads the same books, but most of them dont think about what they read. Jessee Livermore spoke of “3 pushes to a top intra-day.” He didn’t trade indexes, of course, but his wisdom applies. Look at today’s 5 min shart. From the 12:30pm bottom, you see 3 […]

Reading

Been doing tons of reading this weekend (as you can see from the last few posts below). I’ve also been standardizing and re-checking my SF scans. I’ve also loaded all historical trades for the year into Quicken but I don’t see any benefit in doing that. Instead I just went over the data in Excel […]

Collected Wisdom of Oleman 1

Via Maoxian - Collected Wisdom of “oleman”
If you buy every correction in a bull market, you’ll only be wrong once–the top. If you sell every rally in a bear market, you’ll only be wrong once–the bottom. We’re in a bull market for financial assets. Read this group every day, and you will find far, far […]

Be water

Via TaylorTree -
“Empty your mind, be formless. Shapeless, like water. If you put water into a cup, it becomes the cup. You put water into a bottle and it becomes the bottle. You put it in a teapot it becomes the teapot. Now, water can flow or it can crash. Be water my friend.” — […]

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